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Amega Global Ltd is an investment company authorised and regulated under the Financial Services Commission, Mauritius, Investment Dealer Licence: GB22200548. Findeavour Ltd is authorised as a technology service provider to Amega Global Ltd. Company number 12971852, United Kingdom.
No services are provided to residents or citizens of the USA, North Korea, Iran, Mauritius and the Russian Federation. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read and ensure you fully understand our Risk Disclosure Policy before investing.
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Daily Elliott Waves Forecast: WTI, USDJPY, META (25.05.22)
WTI oil continues to trade biased up, but without an evident breakout, it’s still hanging on the short-term price action. A leading or ending diagonal in 1 will completely change the outlook. For now, we focus on holding firm above the $106./bbl support.
There have been some changes with the count of dollar vs yen due to a long-term structural pattern. Now, the correction is expected to be followed by two fresh highs, not one. Nut in the short-to-medium term., we remain bearish based on the leading diagonal identified as (A).
Facebook has a bearish count nearly any way we look at this unless wave a is completed. The main variations are all probable, but when we compare the corrections of the impulse to the downside, an ending diagonal is more likely with the primary wave four finished.
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